The Accra-Tema Motorway project when completed will be tolled to recover the whole life cost of that infrastructure as well as pay lenders and provide a return for equity investors, Finance Minister, Ken Ofori-Atta has said.
Delivering the Mid-Year Budget Review in Parliament on Monday (25 July) in Parliament, Ofori-Atta said, “Under the Ministry of Roads and Highways (MoRH) Public-Private Partnership (PPP) programme for road infrastructure, the design, build, finance, operate, and maintain (DBFOM) Accra – Tema Motorway and Extension PPP Project (27.7km) is at the procurement stage.”
“Site works are expected to commence in September 2022.”
He added: “The Government of Ghana has made a strategic decision, in line with the Public Private Partnership Act, 2020 (Act 1039) to procure the Accra-Tema Motorway and Extensions Project through GIIF with a mandate to deliver a GIIF-led PPP financing solution, where maximum funds are raised from the market, but majority ownership of the project remains with GIIF on behalf of the Ghanaian Government.”
“The completed road will be tolled to recover the whole life cost of the completed infrastructure as well as pay lenders and provide a return for equity investors”.
The minister further explained that the draft concession agreement (CA) between GIIF and MoRH is currently under review by various stakeholders.
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